Union Minister for Ports, Shipping & Waterways has recently announced the revised Model Concession Agreement (MCA) – 2021 for PPP projects at Major Ports. In a statement he said, the new MCA will be applicable to all the future PPP projects at major ports, as well as projects which are already approved by the Government but are still under bidding stage. At present, there are more than 80 PPP/landlord projects in the sector with investment of over Rs 56,000 crore at various stages. Of these, 53 projects of Rs 40,000 crore are under operation, whereas 27 projects of more than Rs 16,000 crore are at implementation stage.